OIL INDIA LIMITED - FIRST QUARTER RESULTS - Q1 FY 2013 -

OIL INDIA LIMITED

FIRST QUARTER RESULTS

Q1 FY 2013

OIL INDIA has declared its first quarter results for QE June 2012.

HIGH LIGHTS

Net Sales for Q1 FY 2013 stands at Rs.2333.33 Cr; up by 35.68% from Q4 FY 12 (Rs.1719.72 Cr); and up by 1.99% from Q1 FY 12 (Rs.2287.80 Cr).

Total Expenditure for Q1 FY 2013 stands at Rs.1439.63 Cr; down by  -5.38% from Q4 FY 12 (Rs.1521.53 Cr); and up by 2.59% from Q1 FY 12 (Rs.1403.35 Cr).

Profit before Interest, Dep. & Taxes for Q1 FY 2013 stands at Rs.893.70 Cr; up by 350.93% from Q4 FY 12 (Rs.198.19 Cr); and up by 1.05% from Q1 FY 12 (Rs.884.45 Cr).

Net Profit  for Q1 FY 2013 stands at Rs.929.93 Cr; up by 109.06% from Q4 FY 12 (Rs.444.81 Cr); and up by  9.45% from Q1 FY 12 (Rs.849.61 Cr).

Diluted EPS for Q1 FY 2013 stands at Rs.15.47 Cr; compared to Rs.7.4 in Q4 FY 12; and Rs.35.33 in Q1 FY 12.

52 week high/low price : 1390.00/430.45; Current Market Price is Rs.482.

The other details (In Lakhs of Rs) can be seen in the Table below :

OIL INDIA	30-Jun-12	QoQ % Dif	31-Mar-12	YoY % Dif	30-Jun-11
Net Sales	233333	35.68	171972	1.99	228780
Total Expenditure	143963	-5.38	152153	2.59	140335
Profit before Interest, Dep. & Taxes	89370	350.93	19819	1.05	88445
Net Profit	92993	109.06	44481	9.45	84961
Diluted EPS	15.47	109.05	7.4	-56.21	35.33
Net Sales	233333	35.68	171972	1.99	228780
Employee benefits	33760	-5.63	35773	12.38	30041
Depreciation	20248	-28.74	28413	-27.28	27843
Other expenses	89665	3.32	86781	13.77	78814
Total expenses	143963	-5.38	152153	2.59	140335
Profit before tax	137687	122.31	61936	9.57	125657
Tax Expenses	44694	156.05	17455	9.82	40696
Net Profit	92993	109.06	44481	9.45	84961
Face Value (Rs)	10	0	10	0	10
Paid-up Equity	60113	150	24045	150	24045
Diluted EPS	15.47		7.4		14.13
Public Shareholding (%)	21.57	0	21.57	0	21.57

During the Quarter, Oil India has issued Bonus shares in the ratio of 3 Bonus shares for every 2 shares held (of Rs.10 each). On current equity, the Q1 FY 12 EPS is around Rs.14.13 – though it is Higher on the then existing equity. Same with Q4 FY 12 EPS.

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